About your Search

20121129
20121207
STATION
MSNBCW 33
CNNW 20
CURRENT 13
MSNBC 8
CSPAN 7
CNBC 5
CNN 4
CSPAN2 2
KRON (MyNetworkTV) 2
KGO (ABC) 1
KPIX (CBS) 1
KTVU (FOX) 1
LANGUAGE
English 115
Search Results 0 to 49 of about 115 (some duplicates have been removed)
of the appropriations and budget committee. also joined by georgetown university tax law professor john buckley on how the alternative minimum tax is affecting fiscal negotiations. "washington journal" is next. ♪ ♪ host: 25 days to go before the united states faces the fiscal cliff, the white house has rejected a proposal from house republicans to prevent tax hikes and spending cuts at the end of the year. no formal talks between the two sides are scheduled today. will go outside the nation's capital to get your voice involved. republicans -- democrats -- independents -- send us a tweet, post your comments on facebook, or send us an e-mail. we begin with some of the papers across the country today and how this latest proposal from house republicans is playing out in the papers. courtesy of "the atlantic journal-constitution" -- here is "the denver post" -- finally, here is "of the arizona republic" -- here is "the washington post" on what is inside this deal -- we want to get your take on this. what do you think? ted in new york, a democratic caller. what do you think? caller: good morning. i do n
at 8:30, kim dixon on the payroll tax cut. william mcbride and seth hanlon on >> the president's been talking a lot about taxes lately. as a c.p.a. who practiced tax for years as a member of the wames there's no one who likes to talk about tax more than i do. but, let's be honest, talking about taxes is not going to solve the problem that america faces. we have to turn to the spending side of the ledger. and furthermore, his tax proposal will kill about 700,000 jobs and do harm to the economy, again the wrong direction. host: and that was the new g.o.p. conference secretary voicing her thoughts on the fiscal cliff negotiations yesterday. and we want you to address the issue of what the g.o.p. is raising, which is address the spending problem. 202 is the area code for our numbers. that's our question this morning in this first segment of the "washington journal." you can also contact us via social media and email. you can make a comment on our facebook page, and finally send us a tweet. here is the hill newspaper from this morning. g.o.p. forget tax rates in talks on the deficit
civilians. right now, i want to start with the story of the week. the tax man cometh. the main thing between president obama and congress over the fiscal curb is the unraveling of the con sen sense. glover nor quis managed to get every single republican running for office from school boards up to president, signing a pledge that reads, i pledge to taxpayers to one, oppose any and all efforts to increase the income tax rates for individuals and or businesses and two, oppose any net reduction or elimination of reductions in credits unless matched dollar for dollar. his pledge has been useful to the republican party for a number of reasons. first, it led the republican party to push tax policies that move hundreds of billions of dollars into the bank accounts of wealthy people. it's also given the central right a single, simple policy objective to pursue, no matter what. a kind of north star for modern conservatism. now, members of congress seem to be losing their way. >> there's a lot that has been said about this pledge. i will tell you, when i go to the constituent that is reelected me, it's
will be cut by january 1 in order to avoid sequestration and all the tax hikes? mark, i will start with you. >> i think it is 80% that we will avoid sequestration. the question is, though, is this going to be a big enough deal, and will actually be enough of a down payment that it will lead to something else subsequently that will actually avoid the kind of enormous consequences of $16 trillion of debt? that percentage will be lower than the 80%. >> let's come back to the big picture -- in the short term, by january 1 -- will we avoid the cliff? >> i think it is likely that we avoid it. it does not appear that that is going so well. it is so easy for us just to do the things we need to do. i think the real line in the sand is going to be the debt ceiling. i really do think -- i have said that for a long time. i think that is when, hopefully, by that time anyway we will have real entitlement reform, which will bring all of this together. >> chris? >> i think it is better than 50% that we are able to get an agreement before january 1. but that is premised on a belief that our republican colle
that taxes and middle-class americans that violates the fundamental preliminary that the president has -- in order to preserve low tax rates for wealthy americans, to ask the middle class to pay the price is not going to happen. it's not just the policy. >> only taxes on those families making $250,000. >> every proposal that has been seen and analyzed imagine you can achieve the necessary amount of revenue by closing deductions or closing loopholes, does that in one of two ways. one, raising taxes on the middle class by eliminating very family-friendly deductions like the mortgage deduction, health care deduction and others or by taking draconian action on the charitable deductions and others that aren't good policy or aren't realistic. it would be hard to explain, i don't think members would want to explain to nonprofit hospitals, major charities, universities and others that all that -- all those contributions that they received in the past will not be forth coming because of an action of congress, i don't think that is realistic. >> one last question, if the amount of revenue were t
, reagan did hold up his end of the deal and went along to support the tax increases. however, it -- on their side of the equation and did not implement the spending cuts, and so, this also happens again under the elder george bush's presidency, so i have very little confidence in democratic leadership's willingness to stand by a pledge to cut any spending at all. host: thanks to all the calls this morning. the house of representatives is about to come into session. the chair lays before the house a communication from the speaker. the clerk: the speaker's room, washington, d.c., december 4, 2012. i hereby appoint the honorable gregg harper to act as speaker pro tempore on this day. signed, john a. boehner, speaker of the house of representatives. the speaker pro tempore: pursuant to the order of the house of january 17, 2012, the chair will now recognize members from lists submitted by the majority and minority leaders for morning hour debate . the chair will alternate recognition between the parties with each party limited to one hour and each member other than the majority a
and team boehner are back at the negotiating table. but there is still substantial disagreement on tax rates, tax revenues, domestic spending and entitlement reform and the clock is ticking. speaking of tax hikes, europe's grand experiment with taxing the rich more is falling apart, especially in france and britain. and here at home, california and new york are passing through the 50% tax rate barrier. is anybody looking at how tax hikes fail the test of economic growth? >>> back here in the u.s., could it be michigan which used to call itself the worker's paradise union state is now moving towards new anti-union right-to-work legislation and it looks like it's going to pass? but first up, budget talks resume between speaker john boehner and president obama today. with just 25 days to go, let's keep tabs on where we stand. reports of a conservative backlash against speaker boehner simply not true. he has the solid support of his leadership and the rank and file. but there is concern among some in the gop that they are at risk of becoming the party for rich people while president obama
pledge to not raise taxes? >> guest: it's not up to me to decide what violates and what doesn't but i don't think so. i think keeping tax rates where they are is the question and you can increase revenue without increasing the tax rate partly by that and a more efficient system. it distributes investments away from the nonproductive loopholes towards things that generate economic growth and that's something that paul ryan has been a leading advocate of. so i think this is a really smart proposal by the speaker, and it was -- i was pleased to see every republican. it wasn't just his name. it was extremely significant. hopefully the white house understands that means a unity of the republican leadership at that table, and if there's unity there i assure you there is in the republican conference. >> host: here's a letter to the white house with of the signatures of the leadership team including paul ryan of the budget committee. a lot of the callers have talked about the lack of detail in the proposal. what loophole deductions do you get rid of an order to bring in more revenue? >> guest: ag
. ♪ >> the speaker's proposal right now is still out of balance. >> their proposal would raise taxes on millions of middle class families. >> when you look at the math, it doesn't work. >> we can generate revenues not from raising rates but from reducing the exemption it's, the deductio deductions, and the loopholes out there. >> it would take me too long to go through all the math. >> we're going to have to have higher rates. it's not me being stubborn or partisan. it's just a matter of math. >> this is a continuation of hirs campaign. he thinks he won it. >> president obama has been re-elected. >> to get a deal done, you're going to have to have higher tax rates on the top 2%. >> the one thing the republicans have going for them is they're leaning on erskine bowles. >> i heard what you were saying. you know nothing of my work. you mean my whole fallacy is wrong. >> i'm happy to be flexible. i recognize i'm not going to get 100%. ♪ >> it certainly 'tis the season and whether you're counting the days to the fiscal cliff, the debt ceiling, christmas day, or judgment day, there's much to do and
capital gains rate in the a.m.t. is higher than the regular tax rates from incomes around $200,000 to $500,000. and that was the first broad expansion of the a.m.t., it began to hit an awful lot of people. then in 2001 they reduced regular tax rates but did not reduce a.m.t. tax rates. . for many people, the a.m.t. tax bill only changed the name of the tax i paid. i got little benefit from the rate ofin my opinion, the expand on tax has nothing to do with the action of indexing. it is the result of the conscious decision to hike the cost of tax reductions. >> the alternative minimum tax is 28%. if your tax rate was lowered to 25%. you still have to pay 28%. >> that is correct. for incomes between to london thousand dollars and $500,000, the effective tax rate is 35%. you hit the 35% rate and incomes fire lower than the income levels at which you would hit the 35% rate and regular tax. >> why do they call it a patch? >> it is a one time year by year patch to stop the broad expansion. you could ask why they call it a cliff. they have discussed this in terms of the patch. it is a
corporate and individual taxes. the third piece is small businesses. we work out how develop a tax code that is good for competitiveness. you need to think about how those play into it. i think one of the things to keep hearing through messages with different groups of people is, while everybody is aware that the solution is going to take sacrifices from all sides, on spending, on revenues -- the confidence you get for putting the deal in place to actually has tremendous economic benefits. the cheapest form of stimulus is confidence. if we can put that in place, and people believe something is going to stick, it becomes easier to do your part in all of this. if the moving pieces and revenue are there, do not underestimate the benefit of what the future holds. >> this ties into michael's point. the productivity, the amount of money they get spent maintaining and administering the complex tax code is unbelievable. i would rather be spending that money. let us get on with building a business. society should do it. people should take that as a given. i know the rest of us have it. we would
swinging. . >> raising tax rates will hurt the economy. >> i will not play that game. >> president obama standing his ground. >> i will not play that game. >> he's not willing to play that game. >> playing the smackdown. >> i think the president has boxed the republicans in. >> i know we have it to raise revenue. >> is he the only republican? >> i don't care how we do it. >> raising tax rates hurt the economy. >> let's just go over the [ bleep ] cliff. >> if they do not make this deal on tax rates for the top 2%, then they're going away. >> i just hope this doesn't become a game of chicken. >> i will not play that game. >> it goes into february and march. >> public opinion is on their side. >> when we have to raise the debt ceiling. >> i will not play that game. >> this is about gaining maximum leverage. >> we've gone through this before. >> some republicans believe that will give them more leverage. >> it's government at the brink all the time. >> these guys are not serious about negotiating.ç >> the next 72 hours are critical. >> i think we're going over the cliff. >> let's just go o
squarely at john boehner. $800 billion tax hike will destroy jobs, allow washington to spend more. as you all know, john boehner put an $800 billion tax hike as a center of his proposal. so john boehner got rejected from the white house, which wants another $800 billion on top of that in tax hikes and then rejected by the right wing of his own party which wants absolutely no tax hikes at all. so unlike harry reid, i actually feel genuine sympathy for john boehner. so kudos, speaker, for showing deserters or desenters who is boss. boehner stripped house members who opposed key committee assignments today. and earlier i spoke with one republican leader in the house who himself has been out of step with boehner in recent days. deputy whip congressman tom cole of oklahoma. he said the gop should agree to obama's proposal to extend bush tax rates for households that make less than $250,000. and they should do that deal right now, deal with the rest later. boehner said no way. and then tom cole said boehner should not offer a counterproposal to the fiscal cliff deal the president presented. boe
on before the new year would raise nearly $1.6 trillion in new tax revenue including raising the top two marginal rates, ask for $50 billion in stimulus spending and a permanent end of congress' ability to prevent debt ceiling increases and nonspecified cuts to entitlement spending. phase two more friendly to republican interests calling for $400 billion in unspecified cuts to entitlement programs with no guarantees. the chances of this plan making it through congress may be lower than the chance of winning the botterball lottery jackpot. surprising no one, republicans acted with vague horror. mcmcconnell said he burst into laughter in front of geithner. an aide told nbc news it is a complete break from reality and orrin hatch told buzz feed, i don't think anybody will agree to that and john cornyn added, i don't think he's serious. the white house aims to negotiate down from the opening salvo to a happy immediate yum. it is a bold offier or "the huffington post" wrote -- who is this president and what have you done with barack obama? speaking of who, president obama is about to make ano
hearing tonight about outrageous demands from democrats where a $1.6 trillion tax hike and get this, a $50 billion economic stimulus program. ? i thought this was about cutting spending, not raising it. republican leaders rejected these offers, no surprise. my two cents? republicans ought to stick to their guns on this one, stay with the low tax and spending principles. the democrats are bluffing. when they talk about letting the tax cuts expire and bringing on a recession, i don't believe that bluff. president obama would become a herbert hoover with two recessions on his watch. he can't let that happen. obama did not be hoover. therefore the democrats cannot let all the tax cuts expire without a good deal. unfortunately the cliff talks have charities frightening. they're worried the deduction will be slashed. ivity a contrarian view about this that is going to surprise you on the charitable deductions. and if she wasn't already in enough hot water over the benghazi mess, there's a just breaking report out tonight u.n. ambassador susan rice has heavy jeismts in energy companies known for
percents of americans to pay more in tax after having 12 years of a special tax break, which was only supposed to be temporary. if you say yes vote for me. mitt romney says, no, we are going to caudle, protect that top 2%. we are not going to raise their taxes. so if you say no, vote for me. that was a choice. the american people overwhelmingly, overwhelmingly, margin of 5 million, voted for president obama. john boehner is acting as if we never had an election in the first place and the election doesn't mean anything. is the senator has passed a tax break and john boehner is saying no, we will let 98% of americans pay $2,000 more in taxes. we will give a tax increase. we will raise taxes on 98% of americans unless you give us another tax break for our buddies and millionaires and billionaires, the top 2% in the country. you can't blame even mitch mcconnell any more. it's john boehner who is standing in the way. he did so again the republicans give this babble. the president says what's your plan? what do you want to cut? close loopholes. what loo
tax rates go up. at the same time, two dozen republican house members signed a bipartisan letter with democrats defecting from the boehner plan. in the meantime, a nice game for the day for the dow, but a stunning selloff for apple. do you know what? fiscal cliff or not, the s&p 500 is up 12% year to date. that is a handsome gain for investors, an optimistic year, believe it or not. and we already bailed out detroit's auto industry. but now, at least one motown politician is telling president obama he should bail out detroit bankrupt city government, too. this sure isn't the free market, and i asked why should a texas taxpayer bail out detroit? >>> breaking news from syria, and it is a blockbuster. the assad regime is walking and loading its chemical weapons, ready to use them on its own people. nbc's chief pentagon correspondent joins us now. jim, is this the red line president obama was warning about? >> well, not quite yet. u.s. officials tell us that the syrian military is poised to use chemical weapons against their own people, and all it would take really is the final order
decide what you're going to do now i once those taxes go up. and then when january 2nd come up, you get a committee together, and you solve the problem. i mean, how is that going to affect everyone when it comes to taxes? is it going to be the same, or will it be different? i mean, do we have to do it early? can we do it in january? >> guest: well, i would argue that there are two pieces to the fiscal cliff in that you have to do amt this year, and you -- because unless you really intend people to pay that additional tax. it would be very hard in the middle of the tax filing system to reverse that decision. now, you are, i think, correct in the second piece of the fiscal cliff. that is the tax rates that will apply next year. arguably, you don't have to take action this year, you have the whole of next year during which you can reach resolution to that issue. now, the only reason why i think that's an extraordinarily bad idea is i think it would be viewed quite unfavorably by the financial markets. and so you could see a reaction. and it is really bad tax policy to be legislating in
my lips. no new taxes. >> read my lips, no new taxes. george h.w. bush hammered that mantra to win the white house in 1988. but just two years later, the reagan deficits were skyrocketing and president bush was forced to change his most famous line. >> long and bitter battle over the budget officially ended last night. president bush put his signature on the deficit reduction package, including $140 billion in tax increases. >> tax increases. that was a turning point for the modern republican party. the right wing went crazy. and george bush lost re-election. since then the party's been committed to never compromising on the tax issue, no matter the deficit. no congressional republican has voted for an increase in taxes since 1990. think about it. for nearly a quarter of a century, no new income taxes. in the current congress, 236 house republicans vowed never to raise taxes. 40 gop senators also kept that pledge. even president george w. bush, the man who got us into two wars we didn't pay for. the president who exploded our deficit. he insisted the solution to our problems were m
getting rid of the bush tax cuts for the upper income? you know the key point from the campaign? in a letter to the president, gop leaders said they will continue to oppose and will not agree to them. in fact, they propose not to raise tax rates for the wealthy but to lower them. that's from speaker boehner who said this about the president's plan. >> i was flabbergasted. i looked at him and said, you can't be serious. i've just never seen anything like it. >> never seen anything like it? the president won the election on that premise. but speaker boehner he seemses to have forgotten that. >> they must have forgot and then republicans continue to hold the majority in the house. but, you know, the president's idea of a negotiation is, roll over and do what i ask. we need to find common ground and we need to find it quickly. >> speaker boehner claimses he's looking for common ground. but right now he's not even in the right ballpark. his problem is that the political ground has shifted for him and his tea partyiers. joining me now is michelle cottle, washington correspondent for "
than me. >> obsession to raise taxes is not going to solve the problem. >> the right seems to be imploding. >> i'm proud of the campaign mitt romney and i ran. >> he looked less like monty hall and more like monty burns because he wants to inflict pain on the republican. >> the implosion is going to happen very, very slowly, day, by day, by day. >> i'm proud of our party. and i'm proud of mitt romney. >> it seems right here. >> we've seen some movement over the last several days amongst some republicans. >> we can probably solve this in about a week. it's not that tough. >> the next 72 hours are critical. >> today's wednesday and the house is going to leave today. ♪ surrender surrender but don't give yourself away away ♪ >> in case you needed reminding, it's 21 days to christmas, but just 27 days to the fiscal cliff. the president is john boehner are facing off for what couldçe a down to the wire nail-biter of a fiscal fight. indeed, the stakes are so high, the pressure so intense, that the house is calling it quits for the week. giving themselves another much deserve
of revenue from taxes on the rich, right? >> yes. >> the republicans said okay, we'll give you that certain amount of ref knew, and do it on the rich, but the way we'll do it on the rich is deductions and closing loopholes that impact only the rich. >> right. >> to the president gets the same amount of money, he gets it from the same people, but rather than raising taxes, the republicans say we're going to do it this way, and he says no. why does he say no to that? it's the same money from the same people giving it up. >> yeah. i think he's saying no because he likes the deal that he has in place. >> it's the same amount of money. >> no, no. >> the same people. i mean, it's the same revenue and it's from the same people. >> the reason i think he's saying no, and i think he will say no to just about anything the republicans put forward is because the fall back position is better for him than any deal that the republicans are going to put forward. the fallback position is a tax increase on everybody and back to where prebush tax cuts, and he can then have his big increases in taxes and then a
. >>> good to have you with us. thanks for watching. democrats are determined to extend the middle class tax cuts before the end of the year. that's the bottom line. party leaders and members are all on the same page. president obama rejected the latest proposal from john boehner. the president and the democrats are focused on revenue and they are determined to make sure that the top tax rates go up. >> unfortunately, the speaker's proposal right now is still out of balance. he talks, for example, about $800 billion worth of revenues, but he says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> harry reid wasted no time explaining why the boehner proposal is not serious. >> math. you can't get from here to there unless you raise the rates. that's why romney couldn't explain it during the presidential election. no one can explain it because you can't do it. >> jay carney says the speaker's plans raises more questions than answers. >> we don't know who pays. we don't know what we're talking about in terms of actual legislation to increase revenues. it's m
with the fiscal cliff and there's hot rhetoric to go around. >> our members believe strongly that raising tax rates will hurt the economy. closing loopholes, especially on those who are wealthy, is a better way to raise this revenue. >> in order for us to raise the amount of revenue that's needed just by closing deductions and loopholes for high earners we'd have to, for example, eliminate or severely cap the char itible deduction. >> an obsession to raise taxes not going to solve the problem. what will solve the problem is doing something about the entitlements, taking on the wasteful spending in washington. >> and meantime, "the new york times" jonathan wiseman reports behind the scene republican leaders are considering the president's plan to extend middle class tax cuts now an address the debt and spending in the new year. here's republican senator tom coburn on "morning joe." >> actually, i would rather see the rates go up than the other way and greater chance to broaden the base in the future. >> do something, a down payment on cuts, on investments and revenue this year. and then in the
to go until all of us are hit with tax increases, takes it across the board a cut of $55 billion. people have it in their power to avoid the so-called fiscal cliff aren't negotiating, they're not debating right now, so many of them simply leaving town. but there's more going on than meets the eye. let's bring in our senior congressional correspondent dana basch, she has the latest. >> reporter: there's so much political theater around here right now, you could say tickets. one of today's acts was the house leaving. lawmakers streaming out of the capitol hill, racing to their cars to get to the airport and go home. it's a scene you usually see on a thursday afternoon or friday morning, not wednesday at noon. >> good morning. >> house republican leaders told members they're free to leave, because they have nothing to vote on. >> i understand that you are saying legislation has been put on the floor. when it comes to just pure optics of the house leaving with the fiscal cliff right in front of us -- >> i'll be here and i'll be available at any moment to sit down with the president to get se
is very important. we're trying not just to prevent a tax increase on 98% of americans, we're trying to go beyond that's going to be good for the long term american economy. >> but you said you're getting closer, they're saying you're getting much farther apart. they say that this is not a serious proposal. >> we have a very good plan. we have a very good mix of tax reforms that raise a modest amount of revenues on the wealthy 2% of americans. combined with very comprehensive, very detailed savings that get us back to the point where the debt is stable and favorable. if we can do that carefully, we can invest in things to make america stronger. we can rebuild infrastructure. we think those are good investments in america and we think we can afford them. >> let's look at an outline of what republicans said they heard in the meeting. $1.6 trillion in tax increases over the next ten years. $50 billion in stimulus spending right now. $400 billion in unspecified medicare cuts. over the next ten years. and then, permanent authority to increase the debt limit the president wants that authority. t
cost of living increases for social security benefits. they also propose overhauling the tax code to generate $800 billion in new revenue. but without raising taxes on the wealthy. in a letter to the president, leading republicans compared their plan to one erskine bowles drew up last year. >> not even close. >> he rejected that connection and the white house, of course, is hitting the road. we'll get to that in a moment. but here's my question. i've been watching the coverage of this and reading it. and there's a lot of liberals who were like, he won, ha, ha, they're so arrogant about it, it's hard to like them. because it's just not attractive. but he did -- >> yeah, he won. >> and he is going to the american people with this. and why can't the starting point of these negotiations be about the tax rates and go from there. why are we at square one? and why is this on the president at this point? since he won. i understand the first four years being kind of bruising. >> right. >> but -- at what point does he have the right to draw a line in the sand? >> so he has every right to dr
$800 billion in savings through tax reform with no tax rate hikes. john boehner blasting the president's, quote, la la land offer. that just moments after the president took his plan to the people answering questions about the fiscal cliff on twitter, and with less than a month to go, the white house dispatched treasury secretary tim geithner to five sunday talk shows to declare tax rates on the wealthy are going up one way or another. >> if the republicans say, sorry, no way are we going to raise rates on the wealthy. you guys are willing to go off the fiscal cliff? >> it republicans are not willing to let rates go back up, and we think they should go back to the clinton levels, a the a time when the american economy was doing exceptionally well, then there will not be an agreement. >> while geithner was drawing a line in the sand, house speaker john boehner was busy trying to lift his jaw off the flar after geithner presented the president's debt reduction plans to him last week. >> i was just flabbergasted. i looked at him and said you can't be serious. i have just never seen anythi
will not hold more meetings or face to face until the republicans agree to increase the tax rates. so what was on the paper yesterday was the idea to still increase revenue without increasing the actual tax rate by getting rid of the deductions and loop holes. that is not acceptable . it au pairs a hard line stance now and the meetings are off. >> brian: they talked about a two-step process. maybe we can leave the tax rates except the horrible people that make a lot of money. leave those tax rates in place and do the hard stuff in the second half . year and of course, we have the, the debt ceiling that has to be raised in a month. if the president gets his way and forces the hand of republicans to accept something they will not forget that and he will have another battle with the republicans when the ceiling has to be raised. the president is indicating to some that there is wiggle room from 35 to 39 percent and willing to accept 39 percent. >> steve: and in the jack kemp awards dinner. we saw two faces that could vy for the republican nomination in 2016. paul ryan and marco rubio. they we
way. it's the set of automatic spending cuts and tax hikes that can only be averted if our nation's leaders are able to display bear bones competence and middle school-level maturity. so is there a deal? >> there's, of course, no deal. >> of course! is there a prospect for a deal? >> there's not a prospect for a deal. >> of course! but the ongoing talks. >> there aren't even very many talks going on. >> you're killing us! give us something. >> but for the first time, there are numbers on pieces of paper from both sides. >> numbers on paper! >>> good morning. it's wednesday, december 5th. welcome to "morning joe." live in the nation's capital. this is exciting. and you know, i said, let's do a show from washington, d.c., because they get so much stuff done there. it's like silicon valley. and going there when steve jobs was really bringing apple to the forefront -- >> a happening place. >> it is. it's where things happen. that's why we're here, steve rattner. >> washington is the place. with us on set, economic analyst steve rattner. also political editor and white house correspond
the bush tax cuts for the middle class. the latest from stephanie cutter includes a two-minute video reminding voters that the president campaign and won on that same platform. >> obama: we need to give tax relief to working families trying to raise their kids to keep them healthy send them to college, keep a roof over their heads. that's the choice in this election. >> the administration is still asking you to send in stories about what being able to keep about $2,000 more a year means to you and your family. the president is planning to meet with state governors this week and the business roundtable, a big business lobbying group. this morning fiscal cliff negotiations appear to be at a stand still. treasury secretary tim geithner says the president's offer is unwavering. we're going to let tax rates go up for top earners and republicans will have to work with that reality. >> there is no responsible way we can govern this country with those low rates in place for future generations. those rates are going to ha
is threatening a power play move to force a vote on extending middle class tax cuts. this morning, president obama also pushed away republican senator orrin hatch called his proposal, radical. >> it's unacceptable for some republicans in congress to hold middle class tax cuts hostage simply because they refuse to let tax rates go up on the we weltmist americans. >> what he proposed this week is a classic bait and switch on the american people. a tax increase doubled the size of what he campaigned on. >> joining me now nbc news white house correspondent mike viqueira. mike, let's talk about this thing. this is the time the lawmakers are breaking out the rule book to find some tricks. how does pelosi think she can force a vote on middle class tax cuts? >> it's funny, craig, the president visited the tinker toy factory yesterday but he's not playing around, that is for certain. his opening bid delivered by tim geithner the treasury secretary on thursday up on the hill was such a one-way document as far as republicans were concerned that the republican leader of the senate broke out in a burst o
said today that he would rather see tax rates go up than close loopholes because then he thinks he can get tax reform passed in the future. a little bit of wishful thinking. >> i know we have to raise revenue. i don't really care which way we do it. actually, i would rather see the rates go up than do it the other way because it gives us greater chance to reform the tax code and broaden the base in the future. >> jennifer: so he's not giving in. he's just bargaining now to see what he can get later. and then we've got the fourth stage which is depression. which is often accompanied according to elizabeth kubler ross by wistful thoughts of better times. newt gingrich is planted firmly in this stage. he said he longs for the 1990s when republicans led by him of course, were, in his estimate aches, republicans were more able, more powerful, able to get president clinton to bend to their will or at least so he said on piers morgan last night when he said "we earned president clinton's respect by closing the government
to republicans late yesterday courtesy of tax cheat geithner calls for the following: 1.6 trillion dollar tax increase, increasing rates on incomes over $250,000. 150 billion dollars in new public stimulus spending of which 50 billion would be spent next year. another extension in unemployment benefits, 30 billion. new power to raise the federal debt limit without congressional approval. in other words, an obama blank cheque. that is not all. he also wants the estate tax to be levied at 45% on inheritances a step even democratic senators are balking on this current is 35%. the obama offer contained no serious cuts, no serious reforms to entitlement programs and no serious proposals of tax reform this president had the gall to count savings more than one billion dollars from ending wars in iraq and afghanistan no one has proposed war spending over the next decade that includes cuts to domestic programs agreed to last year, fuzzy washington math. what this is obama's propose last year which received zero votes in the house or senate this is disguised as a so-called compromise offer. don't be fo
putting his foot down. he says no tax hikes for the wealthy, no deal. america hits that fiscal cliff in 27 days and that means tax hikes and deep spending cuts if the democrats and the republicans can't come together in some kind of a deal and with just ten days remaining until congress is scheduled to go home for the holidays, the clock ticking. here's what he told bloomberg news. listen. >> we're going to have to see the rates on the top 2% go up and we're not going to be able it to get a deal without it. >> we start this morning with white house correspondent dan lothian, he's in washington, d.c. okay. so who's got the ball in their court at this point then, dan? >> well, you know, i think the house gop, they have presented their counteroffer which white house spokesman jay carney is referring to as, quote, magic beans and fairy dust. we expect that house republicans will keep putting pressure on the white house to engage, push for more details on what the white house will accept when it comes to additional entitlement cuts. but i think what's unclear is what kind of negotiating is goin
. >> gangnam style. >> there is a lot to be said for a wealth tax and especially a concrete wealth tax. >> bill: far left beginning to push for wealth tax that means the feds would confiscate private property. this is being kept very quiet but tonight you will hear all about it? >> gay marriage or accepting immigrants. >> you are absolutely right. they don't want to believe it's time to change it. >> rhode island governor chafee saying he will not save christmas because the times are a changing. we sent jesse wawfortsz -- watters up to rhode island to find out what the heck is going on. >> isn't it discriminating against christians by calling it a holiday tree? >> caution. you are about to enter the no spin zone. the factor begins right now. >> bill: i'm bill o'reilly, thanks for watching us tonight. america need leaders. in order to turn the country around -- and boy do we need that -- good leadership will have to step up. that means politicians who put you ahead of their own welfare. elected officials who are honest, intelligent and daring. we need that kind of leadership. it's one of the rea
in new taxes, $400 billion in savings from medicare and other entitlement programs, $50 billion in new stimulus spending, and an additional $285 billion to fund depreciation and mortgage programs, unemployment insurance benefits, and payroll tax cuts. >> this extra spending, that's actually greater than the amount they're willing to cut. i mean, it's -- it was not a serious proposal. >> while his aides were on capitol hill offering up the opening bid, the president was making his case in pennsylvania campaign style. >> at the end of the day a clear majority of americans, democrats, republicans, independents, they agreed with a balanced approach. deficit reduction. >> after the president's remarks, i spoke with his main man on the fiscal cliff, treasury secretary tim geithner. >> let me ask you, the reaction to your going up on the hill and saying this is basically the white house position has been -- mitch mcconnell saying i think it was just demeaning for them to ask the treasury secretary to come up here and give a proposal like this and by this we have people saying it's a sham, it'
or the one in fr the la from the last two years? telling everyone again up to 250 you get the tax break? all the same stuff.the last two? telling everyone again up to 250 you get the tax break? all the same stuff.last two yea? telling everyone again up to 250 you get the tax break? all the same stuff. same tone, same people. >> did you see this, obama is flexible on highest tax rates. >> administration official. white house officials later signaled that. he didn't signal it in anything he said. >> i spoke to a couple who were at the meeting yesterday, some of the executives, who felt, and this is like the implied feeling that he was now more willing to deal on the highest rate. >> did you hear anything about spending cuts or entitlement reform? >> two conversations are taking place. one if the public trying to get them behind you. the other is whether you're actually saying to the people you're negotiating with. and when you saw the signal, it was like, okay, maybe they'll get to that, i don't know, 37% or 500,000 or something. what we had been talking about two weeks ago. maybe that's where
for congress and the white house to act, to stop the tax increase and punishing spending cuts, that deadline is coming up quicker than you may realize because did you know, congress plans to end its current session on december 21st? check your calendar as we did today. that's two weeks from friday. that means that under congressional rules any agreement, any legislation to fix this whole mess would have to be filed here by december 28th. here's the kicker. the president currently plans to leave town the day before that, on the 17th of this month. so the yearly obama trip to hawaii is set to start a week from next monday. you feel me here? see where i'm going? the window closing faster than folks think. what are our decisionmakers doing right now? among other things they are apparently sending signals through the media. republicans saying time to get moving. the president saying there is a deal to be had fairly quickly if the republicans come around to raising taxes on the wealthy. let me give you the president first. >> -- good faith offer to avert the fiscal crisis, and that offer included
fight continuing. he split with his party on taxes. what is republican tomb cole saying now? first as john boehner look lights the capitol christmas tree is he channeling tiny tim or scrooge. >> god bless us and everyone and from my family to yours, merry christmas. en i was in an accide. i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. >>> revenues we're putting on the table will come from, guess who? the rich. there are ways to limit deductions, close loopholes, and have the same people pay more of their money to the federal government without raising tax rates which we believe will harm our economy. >> let'
Search Results 0 to 49 of about 115 (some duplicates have been removed)